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- Code:
- ECOM-R312/DPE-9312
- Field:
- Macroeconomics
- Targets:
- Research Master's students PhD students
- Organiser:
- University of Helsinki - Economics
- Instructor:
- Oskari Vähämaa
- Period:
- Period 1
- Format:
- Lecture
- Method:
- Contact teaching
- Venue:
- Economicum
- Enrollment:
In case of conflicting information consider the Sisu/Course/Moodle pages the primary source of information.
Aalto, Hanken and UH economics students can enroll through their home university’s SISU. Further instructions are available on the How to enroll? page, also for students from other universities.
If you would like to count the credits towards your degree, please check your curriculum or contact your supervisor or student services for guidance.
Lectures and exercises will be streamed for FDPE students (outside the capital region), but not for Helsinki GSE students (Aalto, Hanken and UH students). A link to the stream will be sent by Jenni Rytkönen in a separate email a few days before the course starts. If you don’t receive the link, please contact Jenni (jenni.rytkonen@aalto.fi).
Course Sisu and Course page to be published in July
- To access the Moodle course area, use all the features and participate in the activities (assignments, discussions), you must have successfully registered for the course in Sisu and logged in with your UH user ID.
- For more information on how to activate your UH user ID and register for a Moodle course area, click here.
Content
This course introduces students to macroeconomics and dynamic economic analysis at the graduate level, focusing on the workhorse models of economic growth. It starts with the Solow growth model, moving on to cover the deterministic version of the neoclassical growth model, both in discrete and continuous times, and solves it using an infinite horizon Lagrangian/Hamiltonian. The course introduces dynamic programming and value function iteration methods and compares them with the above-mentioned methods in the same model environment. The interaction of different generations is analyzed using the basic overlapping generations model. Finally, a short introduction to endogenous technological change is given.
Learning outcomes
After the course, the student should
- Understand and be able to reproduce the deterministic version of the Ramsey-Cass-Koopman macroeconomic model, in both discrete and continuous time (infinite horizon Lagrangian and Hamiltonian techniques)
- Be able to solve the models with dynamic programming and value function iteration methods and understand the advantages of the model over the Lagrangian/Hamiltonian structures
- Understand how the baseline overlapping generation model can be used to analyze the interactions between different generations